一年暴涨1663%的牛股，玩砸了！
阿尔法工场研究院·2026-01-14 02:36

Core Viewpoint - The article discusses the dramatic rise and subsequent regulatory scrutiny of Tianpu Co., which saw its stock price increase by 1663% in 2025, leading to an investigation by the China Securities Regulatory Commission due to concerns over potential misleading information and speculative trading [4][30]. Group 1: Company Background and Stock Performance - Tianpu Co. specializes in automotive rubber hoses and fluid systems, reporting revenues of 230 million yuan and a net profit of 17.85 million yuan for the first three quarters of 2025 [4]. - The stock price of Tianpu Co. experienced a significant increase starting in February 2025, with a notable rise of 104% from January to August 14, 2025 [12][14]. - The stock saw a dramatic surge of 86% in August and 136% in September, leading to 15 consecutive trading days of price increases [21]. Group 2: Acquisition and Regulatory Actions - In August 2025, Tianpu Co. announced a major acquisition plan led by Hangzhou Zhonghao Xinying, involving a total investment of approximately 2.12 billion yuan [16]. - The acquisition raised regulatory concerns, prompting the Shanghai Stock Exchange to issue multiple inquiries regarding the source of funds and information disclosure [18]. - Following the acquisition, Tianpu Co. faced scrutiny for its rapid stock price movements and was eventually placed under investigation by the CSRC for potential violations related to information disclosure [29]. Group 3: Controversial Business Moves - In December 2025, Tianpu Co. registered a wholly-owned subsidiary, Tianpu Xincai, with a focus on AI chip design and related services, which led to further stock price increases [24]. - Despite establishing a subsidiary related to AI, the company publicly denied any plans to engage in AI business, leading to questions about the accuracy of its disclosures [30]. - The company later changed the business scope of Tianpu Xincai back to traditional manufacturing, raising suspicions about its intentions and compliance with regulatory standards [25][27].